Question 2 (40 marks) The following transactions relate to a small government institution for a week ending 29 February 2016 a Corporate taxpayers are required to make tax payments of N$100 million to the govenment, but only $90 million is received. At the end of the week N$10 milion is outstanding. b. The govermment sells fixed assets for N$100 million. The assets had been valued at $100 milion. C. Government salary payments are made during the week. In addition to paying employees NS60 million, the government is obligated to provide for their pensions when they retire, employees earned N$30 million in future pension rights during the period. d. The government settles a long-running legal dispute. It agrees to pay N$30 million to the plainbff in 2 months time e Al the government's borrowing are held in foreign exchange. The exchange rate declined by 2% during the week Additional information The fallowing were the opening balances at the beginning of the week 1 Bank 2 Accounts receivable NS 20 million 3 Fixed Assets NS 50 million NS 800 milion N$ 500 million 4. Borrowings Required: a) Prepare an Operating Statement using cash basis of accounting (10 marks) b) Prepare an c) Prepare a Balance Sheet using accrual basis of accounting (20 marks) Operating Statement using accrual basis of accounting (10 marks (22 marks) Ouestion 3